Palm Drops 15% After Hours on 'Very Disappointing' Results

Palm, the struggling smart-phone maker, reported revenue that beat Wall Street's low expectations and a smaller loss than one year ago, but the company said its products are still failing to catch on. The results are further evidence that the one-time mobile pioneer is getting creamed by rivals and could become a takeover target.

Stocks in the News: Boeing, FedEx, Palm

Somaxon shares gained the most out of all U.S. stocks today, while Boeing shares lifted the Dow and new CEO drove up Barnes and Noble shares. Meanwhile, rumors of a Google, Intel and Sony partnership also moved those stocks.

Palm Battered After Lowering Sales Outlook

Palm, the onetime handset pioneer, is in trouble. The company lowered its 2010 sales forecasts for its Pre and Pixi devices -- highly touted models supposed to lead the company out of a years-long slump. Palm said sales would be "well below" the $1.6 billion to $1.8 billion the company had previously forecast.

Google's Android Is Gaining on Smartphone Rivals

Google more than doubled Android's still-small slice of the market in fourth-quarter 2009, claiming 5.2%, up from 2.5% in the third quarter, according to comScore. That puts Android within hailing distance of Palm's 6.1% share. Research in Motion and Apple are still the leaders by far.

AT&T Jumps Into Android Smartphones

With the possibility that AT&T may lose its exclusive iPhone deal, the carrier is now hedging its bets. The telecom giant on Wednesday unveiled a new lineup of high-end mobile phones, including five powered by Google's Android operating system. That could be a smart move for an operator that's savvy about its bottom line.

RIM Soars, but Palm Tumbles

It's a tale of two companies, one naughty and one nice: Palm, the struggling smartphone pioneer, and Research in Motion, maker of the BlackBerry. They reported widely divergent results, offering a stark dichotomy of success and failure amid the most competitive mobile-phone market ever.

Tom Tom's GPS Price Cut

GPS software- and hardware-maker TomTom slashed prices on its iPhone turn-by-turn navigation app, The Unofficial Apple Weblog (TUAW) reported Monday. The new price for the app providing directions in the U.S. is $49, well down from the original price of $99, as reported by Engadget.

Too Many Android Models?

The quickly rising popularity of cell phones powered by Google's new mobile operating system is making one cohort of the mobile phone ecosystem nervous: Application developers could suffer if they need to keep tweaking code to work with multiple models.

One more challenger for the iPhone

New Apple (AAPL) challengers appear with great regularity. Research in Motion (RIMM) has launched consumer versions of its BlackBerry. Palm's (PALM)...